Form 990 for tax year 2023
Filed by ST CLARE APARTMENTS INC C/O ST FRANCIS CENTER.
Totals
- Total revenue
- $879,955
- Total expenses
- $2,671,650
- Contributions and grants received
- $0
- Grants paid
- $1,959,460
- Program service revenue
- $813,678
- Investment income
- $0
- Other revenue
- $66,277
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $2,671,650
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,671,650
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RENTAL INCOME
total $813,678 · related or exempt $813,678
-
11a · Other revenue: UTILITY RECOVERY
total $52,729 · related or exempt $52,729
-
11b · Other revenue: LAUNDRY INCOME
total $9,253 · related or exempt $9,253
-
11c · Other revenue: RENTERS INSURANCE
total $4,295 · related or exempt $4,295
-
11e · Other revenue, total
$66,277
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,959,460 · program services $1,959,460
-
10 · Payroll taxes
total $4,776 · program services $4,776
-
11a · Fees: management
total $30,730 · program services $30,730
-
11b · Fees: legal
total $3,175 · program services $3,175
-
11c · Fees: accounting
total $2,200 · program services $2,200
-
11g · Fees: other
total $3,144 · program services $3,144
-
13 · Office expenses
total $286 · program services $286
-
20 · Interest
total $117,084 · program services $117,084
-
22 · Depreciation, depletion and amortization
total $129,973 · program services $129,973
-
23 · Insurance
total $15,533 · program services $15,533
-
24a · Other expenses: UTILITIES
total $126,364 · program services $126,364
-
24b · Other expenses: PROPERTY TAXES
total $61,418 · program services $61,418
-
24c · Other expenses: ON-SITE MANAGER COST
total $59,905 · program services $59,905
-
24d · Other expenses: LEASE EXPENSES
total $54,212 · program services $54,212
-
24e · All other expenses
total $103,390 · program services $103,390
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $115,518 · end of year $0
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $3,804 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $8,293,593 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $10,086 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $6,545,868 · end of year $0
-
25 · Other liabilities
beginning of year $65,266 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,791,695 · end of year $0
Mission and programs · 2023
Mission
ST.CLARE APARTMENTS, INC IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION THAT OWNS AND OPERATES THREE APARTMENT COMPLEXES FOR A TOTAL OF 41 UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
Activities or mission (Part I)
OWNS & OPERATES 3 BUILDINGS TOTALING 41 UNITS FOR LOW/MODERATE INCOME INDIVIDUALS & FAMILIES
-
TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
Expenses $2,671,650 · Grants $1,959,460 · Revenue $879,955
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael PierceMICHAEL PIERCE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lynn PierceLYNN PIERCE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sue MitchellSUE MITCHELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kate YoungKATE YOUNG
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20 + 1 related
-
Rafael AvendanoRAFAEL AVENDANO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Diana OteroDIANA OTERO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mike McKibbenMIKE MCKIBBEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
ST FRANCIS CENTER OF REDWOOD CITY
$1,959,460
ASSETS, NET OF LIABILITIES, WERE TRANSFERRED TO ST. FRANCIS CENTER OF REDWOOD CITY AS A RESULT OF THE DISSOLUTION OF ST. CLARE APARTMENTS.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ST FRANCIS CENTER OF REDWOOD CITY
501(C)(3) · HELP LOW-INCOME FAMILIES IN REDWOOD CITY · CA
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
ST FRANCIS CENTER OF REDWOOD CITY
$1,959,460
Liquidation · DISTRIBUTION OF ASSETS, NET OF LIABILITIES, TRANSFERRED TO ST. FRANCIS CENTER OF REDWOOD CITY · Jun 30, 2024 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349308365
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